The India International Bullion Exchange IFSC (IIBX) on September 05, 2024, notified regarding the Onboarding of Qualified Suppliers-Client and Qualified Supplier- Special Category Client: Updated Process Flow.
Any entity wishing to supply bullion on IIBX, whether a company, Limited Liability Company (LLC), or Limited Liability Partnership (LLP), incorporated under the relevant laws of their home country, may apply to become a "Qualified Supplier" (QS) on IIBX. This is contingent upon submitting the necessary documentation, including the Know Your Bullion Depositor (KYBD) form. A Qualified Supplier - Client (QS-Client) can trade on IIBX as a client of a Bullion Trading Member, while a Qualified Supplier - Special Category Client (QS-SCC) can do so as a client of a Bullion Clearing Member.
The detailed updated process flow for onboarding as Qualified Suppliers- Client (QS – Client) and Qualified Suppliers- Special Category Client (QS – SCC) with IIBX is attached to the document.
[Notification No. 20240904-2]
